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UK sets out new law to break up errant banks

By , on February 4th, 2013

<!– google_ad_section_start –> British banks that fail to guard their day-to-day banking from risky investment activities will face being dismantled, finance minister George Osborne said on Monday. Britain is shaking up its system of bank regulation following the 2008 financial crisis, when the government poured 65 billion pounds (US$102 billion) of taxpayers’ money into rescues of Royal Bank of Scotland and Lloyds. <!– google_ad_section_end –>

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UK sets out new law to break up errant banks

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